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Funding London welcomes new board member

Funding London has welcomed Ben McDonald to its board of directors. Ben joins as non-executive director, representing London First.

London First was involved of the creation of Funding London, established in 2004 by the then Mayor of London under the name SME Wholesale Finance. It was given the long-term mandate to support the Mayor’s Economic Development Strategy for London through its SME funding activities.

Since its founding 10 years ago, Funding London has invested over £30m through loan and equity funds in more than 400 SMEs and generated more than £79m of co-investment via our equity funds.

One of the key barriers to London’s growth, as set out in our Economic Development Agenda for London, is access to finance for SMEs. By supporting Funding London we are helping businesses that have potential gain access to finances more easily.

A partner at KPMG, Ben leads the firm’s Enterprise practice across the London Region, working with and supporting privately-owned businesses throughout all stages of their journey from early stage start-ups to established middle-market businesses.

Ben’s team helps privately owned companies to grow and prosper, advising on a broad range of business issues from assurance and tax advice to financing, mergers and acquisitions, remuneration and other people issues, as well as risk management, IT strategy and cyber security.

Contact: David Lutton, dlutton@londonfirst.co.uk

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